Finance Mini CaseMini Case Report The Dilemma at Day-Pro1) PayBack Period for Synthetic Resin and Epoxy Resin:Synthetic Resin PBP = 2 + 250/200 = 2.5 yearsEpoxy Resin PBP = 1 + 200/400 = 1.5 yearsTo show that using the Payback Period to evaluate the projects is flawed, Tim can argue that the PayBack Period ignores the time value of money, requires an arbitrary cutoff point, ignores cash flows beyond the cutoff date, and is biased against long-term projects, such as research and development, and new projects (Corporate Finance page 238).2) Discounted payback Period (DPP) using 10